Columbia CompStak (CCRI) Rent Index national update: May 15, 2026. May 15, 2026 Commercial real estate rent data is only as useful as the methodology behind it. That's why CompStak partnered with Columbia Business School faculty to build the Columbia CompStak Rent Index (CCRI), the first quality-adjusted CRE rent index tracking constant-quality net effective rents across U.S. office, retail, and industrial markets, both nationally and across major MSAs. Unlike traditional rent benchmarks that track asking rents or simple averages, the CCRI controls for quality mix and incorporates concessions, giving investors, lenders, occupiers, and capital allocators a cleaner read on where rents are actually moving. Each month, CompStak publishes a national update powered by its database of verified lease transactions, one of the largest and most comprehensive in commercial real estate. Below is a breakdown of what the latest data shows across all three property sectors at the national level, as of May 15, 2026. Constant-Quality net effective rent indices. Nationally, office effective rent growth has been rebounding over the past six months. National retail rents are down in March but roughly flat over the past year. Industrial rents are down over the past six months. The relative performance of office and industrial is a reversal of fortunes compared to the prior five-year period. Most recent observation: March 2026. Manhattan Office NER growth is up 8.7% over the year to 2025.Q4. NER rent growth was down 1.17% in 2025.Q4. Its next update on June 15, 2026 will include the first estimates for 2026 Q1. Preliminary analysis shows Manhattan office rent growth will be strong. Office: Charlotte (+31.6%), Baltimore (+22.2%), and Austin (+18.5%) lead office rent growth over the year to 2025.Q4, while coastal markets show divergence. The New York MSA posts healthy gains (+12.1%) but San Francisco (−5.2%), Seattle (−6.5%), and Miami (−8.2%) continue to struggle. The national Office index registered a +4.54% over the same period, with strong performers offsetting weakness in coastal MSAs. Retail: Atlanta stands out with +84.1% rent growth on relatively thin volume, accompanied by other top performers like Detroit (+36.4%) and Los Angeles (+23.2%). Houston (−20.1%), Boston (−8.8%), and Las Vegas (−7.4%) show the biggest declines. The national Retail index registered +4.71% NER growth over the same period. Industrial: Industrial growth is more compressed across markets compared to Office and Retail, with Boston leading with +11% rent growth and Charlotte declining the most at −17.6%. The national Industrial index posted −0.75% over the year to 2025.Q4, showing that, in aggregate, the industrial real estate boom is over.

KBRA Analytics' KCP integrates with CompStak to deliver credit insight to CRE market participants. KBRA Analytics, the data and analytics division of KBRA, is pleased to announce a new product integration between its KBRA Credit Profile (KCP) platform and CompStak, a leading provider of commercial real estate (CRE) lease and sales data. KCP is KBRA Analytics' premier platform for CMBS data, loan performance, and market insights. The integration allows CompStak users to view KCP credit outlook summaries and analytic commentary directly within CompStak, offering enhanced visibility into loan and property-level credit performance. All CompStak users will now see KCP teaser information - including credit outlooks, payment status, and select commentary - on applicable property pages. Mutual subscribers with access to both KCP and CompStak will be able to click through to the full KCP platform for in-depth credit analysis, valuation, and collateral insights. Non-KCP subscribers can contact the KCP Business Development team for trial access. "This collaboration with CompStak aligns perfectly with KBRA Analytics' mission to enhance market transparency and efficiency," said Steve Kuritz, Senior Managing Director at KBRA Analytics. "Integrating KCP data directly into CompStak's property pages enables CRE professionals to quickly connect credit performance insights with market-level intelligence." "We're excited to provide our users with direct access to KCP's analytic insights, giving them a more complete understanding of property and loan performance," said Michael Mandel, Co-Founder and CEO of CompStak. "This integration delivers a streamlined experience that connects CompStak's world-class commercial real estate data with KBRA Analytics' credit intelligence." The collaboration reflects the growing convergence of credit analytics and market intelligence in the CRE sector. By combining CompStak's verified lease and sales comparables with KCP's credit performance data, the integration offers a more holistic view of asset health and underlying property and loan dynamics. The new functionality is available to all CompStak users starting today. About CompStak CompStak is the leading provider of commercial real estate lease, sale, and property data. Sourced directly from a nationwide network of verified CRE professionals, CompStak delivers trusted, granular market information that powers decision-making across the real estate industry. About KBRA Analytics KBRA Analytics, LLC (KBRA Analytics) is its premier product platform for high quality data and advanced analytics. Its seasoned teams of industry specialists across each product provide unparalleled insight creating a foundation of deeper analysis and rapid discovery for users. KBRA Analytics is an affiliate of Kroll Bond Rating Agency, LLC (KBRA). KBRA is a full-service credit rating agency registered in the U.S., designated to provide structured finance ratings in Canada, and with credit rating affiliates registered in the EU and UK. CompStak unveils CompStak one - A suite to unify CRE insights. CompStak launches portfolios: transforming CRE strategy with real-time data insights.